This morning, Jim Salisbury of CSNPhilly.com tweeted, "Source close to Madson said Tuesday night there was no deal and talks were ongoing. Still believe Papelbon in picture." Ken Rosenthal of FOX Sports says sources indicated this morning that the Phillies are reconsidering their options.

SI's Jon Heyman tweeted early this morning that Phillies GM Ruben Amaro Jr. agreed to a four-year, $44MM deal with Madson, but told agent Scott Boras he'd need the approval of team CEO David Montgomery, which still has not been given. Heyman says Madson signed off on the deal, but the SI writer doesn't know if the contract is in jeopardy. He adds that the Phillies had talks with Jonathan Papelbon as recently as Monday.

Tuesday afternoon, Jim Duquette of MLB Network Radio tweetedthat he was hearing the Phillies were closing in on a four-year deal with Madson that could include a fifth-year vesting option. Soon after, Yahoo's Tim Brown tweeted, "Confirming Madson with Phils, 4 for 44 mil. Fifth-year option worth 13 mil," clarifying, "Those are numbers and years Madson and Phils talking. Close, not done yet."